Sawtooth Solutions LLC Has $351,000 Position in Dollar General Corp. (DG)

Sawtooth Solutions LLC trimmed its stake in shares of Dollar General Corp. (NYSE:DG) by 28.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,211 shares of the company’s stock after selling 1,296 shares during the period. Sawtooth Solutions LLC’s holdings in Dollar General were worth $351,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its position in shares of Dollar General by 1.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,878,888 shares of the company’s stock worth $175,770,000 after acquiring an additional 29,691 shares in the last quarter. DnB Asset Management AS boosted its position in shares of Dollar General by 4.1% during the 2nd quarter. DnB Asset Management AS now owns 33,013 shares of the company’s stock worth $3,255,000 after acquiring an additional 1,300 shares in the last quarter. IFM Investors Pty Ltd boosted its position in shares of Dollar General by 45.0% during the 2nd quarter. IFM Investors Pty Ltd now owns 12,365 shares of the company’s stock worth $1,219,000 after acquiring an additional 3,839 shares in the last quarter. CENTRAL TRUST Co boosted its position in shares of Dollar General by 456.5% during the 2nd quarter. CENTRAL TRUST Co now owns 3,968 shares of the company’s stock worth $391,000 after acquiring an additional 3,255 shares in the last quarter. Finally, LVM Capital Management Ltd. MI boosted its position in shares of Dollar General by 8.8% during the 2nd quarter. LVM Capital Management Ltd. MI now owns 47,470 shares of the company’s stock worth $4,681,000 after acquiring an additional 3,850 shares in the last quarter. 95.61% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE DG opened at $111.38 on Thursday. The stock has a market capitalization of $29.86 billion, a P/E ratio of 21.06, a PEG ratio of 1.35 and a beta of 0.93. The company has a quick ratio of 0.21, a current ratio of 1.55 and a debt-to-equity ratio of 0.44. Dollar General Corp. has a 52-week low of $79.79 and a 52-week high of $113.48.



Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 30th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. The firm had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Dollar General had a return on equity of 23.51% and a net margin of 7.06%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 EPS. As a group, research analysts forecast that Dollar General Corp. will post 6.1 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 23rd. Shareholders of record on Tuesday, October 9th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.04%. The ex-dividend date was Friday, October 5th. Dollar General’s dividend payout ratio is presently 25.84%.

Several research analysts have recently issued reports on DG shares. Zacks Investment Research raised Dollar General from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research report on Thursday, October 4th. Wells Fargo & Co upped their price objective on Dollar General from $113.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 29th. Morgan Stanley upped their price objective on Dollar General from $116.00 to $118.00 and gave the stock an “overweight” rating in a research report on Friday, August 31st. Citigroup started coverage on Dollar General in a research report on Friday, July 6th. They set a “buy” rating for the company. Finally, Buckingham Research upped their price objective on Dollar General from $95.00 to $107.00 and gave the stock a “neutral” rating in a research report on Monday, August 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Dollar General currently has a consensus rating of “Buy” and an average price target of $106.35.

In other Dollar General news, EVP Robert D. Ravener sold 22,440 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $111.49, for a total transaction of $2,501,835.60. Following the completion of the sale, the executive vice president now directly owns 50,747 shares of the company’s stock, valued at approximately $5,657,783.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by corporate insiders.

Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

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Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Corp. (NYSE:DG).

Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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